Dow Jones 10,624.69 (UP) week ending 03/12/2010
Ah yes, March Madness is arriving again here in the USA. 65 games of the never ending sound of squeaking sneakers on the hardwood courts! I thought it would be fun to put together my own team or Fab 5 of tech stocks for this week. The Fab 5 of course is the famous University of Michigan team with the starting team of Chris Webber, Jalen Rose, Jimmy King, Juwan Howard, and Ray Jackson. (Picture credit Flickr at Yahoo). This team, assembled as freshmen, were considered one of the most talented college teams ever. A mental mistake, calling a time-out when they had none left, cost them one championship. A mental mistake with your portfolio could cost you your wallet.
So here is my team of tech stocks with speed and fast growth that could take you to the Final Four of stock picks.
Guard - Mindspeed Technologies Inc. (Symbol MSPD , $8.34)
Guard - Clearwire Corp. (Symbol CLWR , $8.28)
Center - Apple Inc. (Symbol AAPL , $226.81)
Forward - InterDigital Inc (Symbol IDCC , $27.65)
Forward - Marvell Technology Group Ltd. (Symbol MRVL, $20.21))
Sixth Man off the bench - Atheros Communications Inc. - (Symbol ATHR, $37.22)
Some of these names you have seen before on my blog. The guards are aggressive growth portfolio picks. All these stocks are poised for rapid growth. Tech stocks are high beta stocks so they can move up and down very quickly. You need to be on your toes and keep track of when earnings reports are coming out. As always all my picks are just my opinion and should not be taken as information given by a professional financial advisor. Also the stock market at times may be fully valued in regards to PE and earnings, so you always want to look for an entry price point that affords you a margin of safety on your buy.
So good luck with your Final Four Bracket Pools. If you don't win money there,
try your skill with picking in the stock market.